We are actually in the US from Australia at the moment investing in property here.

This might not be an all-out bubble like last time but I am personally planning for a decent correction and not buying right now unless a great cashflow investment presents itself.The United States is not the only expensive market either, it's happening around the world again in places like Australia, Canada and other countries.

This property manager is a "guru" who conduct seminars about investing in US real estate in Malaysia, Singapore and Australia.  

This reduces to 15% for tax treaty countries like Australia. 

After reading this thread I got a phone call from my PM in Australia.

Hey John I'm glad you know everybody around the world you know anybody New Zealand or Australia I'll introduce you to them!!!

i've lived in Ireland, New Zealand, Australia, and I am thankful for the United States of America, her armed forces, for liberties and privileges and rights unique to the entire world I am thankful for my mother who is in heaven who  is always with me I am thankful for my father who busted his *** to send five kids to private schools and undergraduate colleges, and for his orthopedic practice then helped tens of thousands of peopleI am thankful for my first mentor Glenn Craven, I did hundreds of deals with him and  received little financial gain but immense intellectual, financial, tax, regulation gain, I would not of started my first business without himAnd to this BP board I'm grateful for all the wonderful posters they give unselfishly their time, caring greatly to help new people and experienced alike find success in real estate investing I am thankful for my wife and my two children and I'm also immensely thankful for the ability to coach Lacrosse from ages 5 to 15, a privilege I would gladly pay to performThanks Bill for starting this thread.Happy Thanksgiving to all BP family@Bill Gulley

Occasionally, I still get wasted clicks: most recently I had a "sell my house in Australia" click - I hadn't thought to block other countries!  

The one place I have not visited but find it intriguing is Australia would like to spend 30 days there with different stops thru-out The kids 1 boy 1 girl never lacked for anything ,Yet they never really wanted much .

Meant to come back to this thread to answer Rich's question, but Ron pretty much echoed what I was going to say with respect to foreign currencies.In my opinion, both the New Zealand dollar and the Aussie dollar are good diversification mechanisms, as their value is tied heavily to the natural resources coming out of those areas (as opposed to being tied to the US dollar).Plus, Australia and New Zealand have proven that they're not too keen on following the actions of the Federal Reserve; correlation to the US dollar is relatively low, and even interest rates are still relatively high in those countries.